|By Marketwired .||
|February 18, 2014 02:10 PM EST||
MAHWAH, NJ -- (Marketwired) -- 02/18/14 -- InterCore, Inc. (OTCQB: ICOR) continues to support the deployment of its proprietary alertness detection technology while preparing for the much larger program it had previously announced.
"The fundamental detection and analysis elements of our ADS System for detecting operator alertness have been solidified for years," said James F. Groelinger, the company's President and Chief Executive Officer. "The smartphone deployments done in September of last year were Blackberry-based, and were expected to be followed immediately by our iPhone ADS System app. However, Apple's announcement of the release of iOS7 in mid-September required major changes to the app interface, including rewriting more than 500,000 lines of code. As a result, deployment of the iPhone app was delayed. The consumer application is now expected to be available on iTunes by mid-summer, while the ramp-up of deployment of the commercial system is expected to be consistent with previous announcements."
The ADS (Alertness Detection Software) System, designed around proprietary detection and analysis algorithms, developed in conjunction with electroencephalogram monitoring in simulated and real driving situations, alerts operators to their probable work activity capability based on real time monitoring of their state of alertness. The major distinguishing feature of the ADS System compared to all other systems currently available for detecting driver alertness or atypical driving behavior is that the ADS System is designed to provide warnings of impending loss of alertness from 45 minutes to two hours before the driver is likely to actually fall asleep. The Company believes this compares favorably to all other systems, which are the approximate equivalent of telling the driver that he has fallen asleep. The distinct predictive nature of the ADS System allows time for a variety of preventive measures to be taken well in advance of the driver becoming a hazard and a threat to loss of life or property.
About InterCore, Inc. (www.icorinc.com)
InterCore, Inc. (OTCQB: ICOR), is a public company that is focused on development and marketing of the ADS Software and related products. See www.srgint.com; InterCore's new website will be available shortly at www.icorinc.com.
Forward Looking Statements
This news release contains certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. The forward-looking statements are also identified through the use of words "believe," "enable," "may," "will," "could," "intends," "estimates," "anticipates," "plans," "predicts," "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from these forward-looking statements as a result of a number of risk factors detailed in the Company's periodic reports filed with the U.S. Securities and Exchange Commission via the Edgar system. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved.
James F. Groelinger
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